The SEC will hold an open meeting on November 3, 2010 where it is scheduled to consider:

  • Whether to adopt new Rule 15c3-5, Risk Management Controls for Brokers or Dealers with Market Access, under the Securities Exchange Act of 1934. The new rule would require brokers or dealers with access to trading directly on an exchange or alternative trading system to implement risk management controls and supervisory procedures. Among other things, new Rule 15c3-5 would effectively prohibit broker-dealers from providing "unfiltered" or "naked" sponsored access to any exchange or ATS.
  • Whether to propose a new rule under Section 763(g) of the Dodd-Frank Act to prohibit fraud, manipulation, and deception in connection with security-based swaps.
  • Whether to propose rules and forms to implement Section 21F of the Securities Exchange Act entitled "Securities Whistleblower Incentives and Protection." Section 21F, as added by Section 922 of the Dodd-Frank Act provides that the Commission shall pay awards to eligible whistleblowers who voluntarily provide the Commission with original information about a violation of the federal securities laws that leads to the successful enforcement of a covered judicial or administrative action, or a related action.

SEC Meeting Notice.